Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime

Let's keep in touch

Subscribe to our newsletter for timely insights and actionable tips on your real estate journey.

By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions
Followed Discussions Followed Categories Followed People Followed Locations
Private Lending & Conventional Mortgage Advice
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 11 years ago on . Most recent reply

User Stats

452
Posts
10
Votes
Michael Dunn
  • Olive Branch, MS
10
Votes |
452
Posts

Do most Lenders frown upon...

Michael Dunn
  • Olive Branch, MS
Posted

a buyer, getting a Loan for the sole purpose of purchasing a property in order to turn right around and Flip it, in 3 - 4 months ( after the minimum 90-days has passed ) ?

If I'm looking to get into the Flipping business and Flip a property every 3-4 months, do most banks/lenders discourage this, since their main way of making a profit on a loan, is the interest they collect from that loan

Just trying to make sure I stay in the good graces of these Lenders, as I'll be relying on them to get new loans per property I look to buy

Thanks everyone

Most Popular Reply

User Stats

507
Posts
347
Votes
Adam Johnson
  • Rental Property Investor
  • Holley, NY
347
Votes |
507
Posts
Adam Johnson
  • Rental Property Investor
  • Holley, NY
Replied

Generally speaking, yes. However, some banks, particularly smaller local banks, may have a loan program that may work for you. I like to know about as many banks in my area (as well as the types of deals they "like") so that I know who to talk to when I need money. Short term financing is tough using a mortgage.  Another thought is to set up a line of credit, secured or unsecured or both, as it is more flexible. Be careful on what you tell your banker you intend to use it for, many don't like to hear that you are using it to BUY real estate

Loading replies...